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http://www.head-fi.org/forum/thread/528473/review-anedio-d1-dac-my-new-reference-dac
That's a link to my detailed review. In summary:
The best DAC I've ever heard. The only thing that matched it was the MBL 1511E which is a $9000 DAC. The Anedio is identical in sound, at a much lower price, thus by far a better DAC. Please read my review for further info.” --project86